August 12, 2008 14:00 ET

TidalWave Holdings, Inc. Announces Total Authorized Shares Reduced, Company in Discussions With Acquisition Target

SACRAMENTO, CA--(Marketwire - August 12, 2008) - TidalWave Holdings, Inc. (PINKSHEETS: TWVH) today announced that the company's total common shares authorized are 200,000,000. The amendment to the company's articles of incorporation reducing the company's total shares authorized to 200,000,000 was stamped and filed by the State of Florida and can be viewed at www.sunbiz.org.

Additionally, management announced that the company has entered negotiations to acquire an undisclosed service & hospitality industry target, and expects to release an announcement later this week disclosing more specifics upon the execution of customary non-disclosure agreements.

Safe Harbor for Forward-Looking Statements

Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted results.